Transcripts For FBC After The Bell 20240713

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last few minutes of trading hire is what is new at this hour president trump making his way to california this hour. heading west for a multiday visit to campaign in key swing districts not beforehanding out a few presidential pardons before he hopped on air force one. plane to rein in on wall street. mike bloomberg's newest proposal to crack down on some of his old friend in the financial services industry. we'll talk about that. they may be a waste of your time. now there is a way to get even with them and get paid. how you get revenge on the pesky robocallers. stay tuned for that coming up. lauren: meantime we have fox business team coverage. blake burman live at white house, jackie deangelis on the floor of the new york stock exchange. edward lawrence in washington. jackie, you first to wrap up well, the nail biting day for us. >> looks like we have the record on the nasdaq. i hold my breath this time of day to see how it shakes out. any gain on the nasdaq, any green territory would be a new record. markets had a pretty rough day. we're closing down around 165 points on the dow. one of the big reasons for that of course is apple. apple warning about its first quarter revenue guidance. worried about the coronavirus epidemic in china, how that will have impact on its suppliers and its supplies in general. not necessarily saying it is a huge demand issue but more specific issue. remember, for example, chip suppliers like broadcom supply about 20% of apple's chips. so this is something to think about. it wasn't just apple took a hit today. those chip-makers all down the line took a hit as well. the previous forecast for apple was 63 to 67 billion in revenues. the company didn't give this new range. it said it may not be where it was hoping to be. but dow losers today. apple was down 1.8%. dow ink down, chip suppliers intel and goleman saks and nike. a rough day. back to you. lauren: jackie, thank you very much. connell: did investors underestimate the coronavirus? liz peek joining us, gary kaltbaum, kaltbaum capital management president. both gary and liz are fox news contributors that is the theory out there today, somebody could be different tomorrow. maybe there was mispricing of risk and apple sending us a signal the things are worse with the virus than we thought. what do you think? >> i think things are worse than we thought. we don't know the virus, how many have been transmitted or how many people are sick. we have no confidence in what china is telling us. apple was a head's up to everybody we have not put pen to paper to figure out how much of an impact we'll see here. if you think about all the companies impacted, companies that do business in china that source from china, the luxury goods, casinos, hotels, the list goes on and on. i really don't think that the market has taken much of this into account. is it temporary? of course but nonetheless some of these revenues are not going to be made up. connell: now the flipside, gary, apple you saw running up 87% over a one year period warns us last night on revenue and only falls 1.8% or so. what do you make of what i going on? >> technology and software and the like are beasts right now. they are in gargantuan bull markets. if we were in a bull market apple would be down $30 today. there will be issues with certain industries on the supply side. i just don't think it will be on the demand as of this second. if that is the case, i think it will be nominal as far as the drop. you could see even with the dow down 250, nasdaq was down 50 at a point in time. as soon as the dow started rallying they buy the living heck out of amazon and the software companies. i think we're still in good stead. i think not withstanding pullbacks i think nasdaq is going higher over the next few months jo from one dow stock to another, walmart tempering expectations, cautioning investors about the potential impact for the coronavirus but did not lower its sale forecast this year because of it. the world's biggest retailer reported lower than expected holiday quarter results. liz are you encouraged the fact walmart moved supply chains out of china and they might with stand the coronavirus. >> that might be a beneficial dividend which i hate to say anything is beneficial about this terrible disease. between the trade war and coronavirus, if companies have not figured out yet they should be diversifying their supply chains, shame on them. walmart did move on that front. that may be one of the reasons they're not changing their estimates. their last quarter was a function i think of a smaller of number of days that were shopping and by the way warmer weather. they sort of hinted at the fact their apparel business, they hadn't quite figured out what to do with it. they made some mistakes. i think they were ready for a harsh winter which never came. but anyway, all these companies are dealing with a lot of things including the surge in online shopping. but i think walmart looks like they're going to get through this just fine of course. lauren: gary talk about that surge in online shopping because walmart did grow e-commerce by 35%. sounds like a great number. it was actually slower than many folks had wanted. as walmart invests in itself, in its delivery and on-line operations that often eats at its bottom line. do you expect that to get better or walmart to be at least more cost-conscious? >> all i can tell you 35% year-over-year is pretty good. to me the miracle was total sales up 2% year over year for a company that does 500 billion in seas. to me that's a miracle. i'm not so worried about them. they have stood the test of time while so many companies go out of business. i live in seminole county, florida. they're shutting a bunch of macy's right now. guess who wins out? last company i worry about is walmart. they have 5 trillion in revenues. megacap, i know that it can be a great stock going forward. connell: wall street versus wall street. millionaire democratic presidential candidate mike bloomberg started out his career as a bond trader, made his fortune selling terminals full of data to wall street traders. now the latest democrat to propose a tax on financial transactions. edward lawrence in d.c. reporter: he is moving up in the polls. second to bernie sanders in a national poll, the latest one among democrats as well as spending $300 million so far of his own money. today he unveiled the plan to reform wall street. it includes a .1% financial transaction tax, that will deal with what he calls wealth inequality. bloomberg says it wail pay for programs to slow down high-speed trading. bloomberg wants to reimpose and strengthen obama era rules which he called punitive actions in 2011 and toughen the volcker rule. he plans to add a special unit in the department of justice that would go after corporate corruption, not just companies but individuals within the companies. bloomberg would expand whistleblower protections. he wants banks to absorb more losses, keeping more cash on hand and not lending out as much money. this comes out after a video of bloomberg surfaces one from 2011 saying farmers may not have enough gray matter to do anything else other than farming. he says farming is. easy. as you might imagine that did not sit well with farmers. >> they have to be well diversed in multiple occupations from welding, fabricating, electrical, plumbing, being a vet. today's farming landscape with, very to be masters of gps, soil science, weather marketing in order to stay alive. reporter: in another video bloomberg suggests that minorities don't know how to act in the work place. he is hoping the new plan he unveiled about wall street will grab some of those headlines and get democratic voters on his side. connell. connell: edward lawrence, thank you. liz and gary still with us. these issues will come up in the debate tomorrow night i presume. we'll talk about later in the show with bloomberg on the stage. mike bloomberg of wall street, going after wall street, lining up with a elizabeth warren similar plan. not quite as aggressive as bernie sanders, going that direction, what do you make of it? >> mike, mike, run for president, and change everything you said years ago. reagan had it right. if it moves tax it, if it keeps moving regulate it and if it stops moving subsidize it. the party is about fees, fines, regulations, mandates, taxes. here we go again. he will not hurt wall street but aunt mary and uncle bob as he does trades to take a little more. federal state government and local will spend 6 1/2 trillion dollars in the next year, they keep telling us they don't have enough. sorrowful. connell: argument would be, liz, 2008 really left a mark, the economy recovered since then it is the investing class, people with money tied up in stocks, bonds, investments those people have done better than so the so-called working class. you do things like this you can even the playing field. you say? >> that is underestimating the power of the markets and involvement of most americans in the markets. well over half of americans have investment in stocks either through the iras or pension plans or whatever. what the transaction tax will do is increase volatility, cut down on liquidity, and increase costs. any number of studies have shown this. in fact it has been tried in other countries like sweden. that has been the up shot of it. so it is a bad idea. it is just, you know, honestly mike bloomberg sounds more and more like a democrat which i guess is what he is trying to do, connell but this is not going to solve wealth inequality. connell: i think that is the idea, liz in a democratic primary. great to see you. good to see you, gary, liz, lauren. lauren: can't wait for the debate. president trump is heading to a fundraiser in beverly hills tonight. not before issuing a list of controversial pardons and commutations. blake? blakereporter: president trump l have a stop in nevada where he will attend a prisoner graduation ceremony. ahead of that today the president announced he would be handing out seven pardons and four commutations. that includes pardoning the financeer michael milken, former san francisco 49ers owe e owner eddie debartolo, jr., and former new york city police commissioner bernard kerik. former governor rod blagojevich prison sentence was commuted. he would be walking out of prison or jail any moment now. here is the president making announcements earlier today. >> we have bernie kerik. mike milken has gone around and done a incredible job for the world with all his research on cancer. he has done this, and he suffered greatly. paid a big price, paid a very tough price but he has done an incredible job. reporter: before boarding air force one the president also shot down the idea that china would not be allowed to buy advanced technology from u.s. companies as some are citing national security concerns. the president says he doesn't want to stifle growth by what he described as quote, using a fake term of national security. air force one should be landing in california probably two or three hours from now. the president will have a fund-raiser in beverly hills. a meeting on the 2028 olympics in los angeles. then tomorrow a fund-raiser hosted by larry ellison. back to you. lauren: severallies too. blake burman, thank you. connell: thank you, blake. talking about china, putting china on notice, the u.s. imposing restrictions on chinese state media outlets over propaganda concerns. we're live at the pentagon with where things stand there. lauren: looking out for the middle class. president trump running on the so-called blue collar boom but are americans feeling the benefits? we'll have the details coming up. connell: out of this world experience, spacex officially sending tourists to space. what the historic move could mean for the space exploration. lauren: would you go? connell: i will send gary kaltbaum. lauren: oh, gary. ♪. ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ all we needed somebody to lean on ♪ the new xc90 plug-in hybrid electric. xc90. recharged. this piece is talking yeah?. so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪ 1 in 3 deaths is caused by cardiovascular disease. millions of patients are treated with statins-but up to 75% persistent cardiovascular risk still remains. many have turned to fish oil supplements. others, fenofibrates or niacin. but here's a number you should take to heart: zero-the number of fda approvals these products have, when added to statins, to reduce the risk of cardiovascular disease. ask your doctor about an advancement in prescription therapies with proven protection. visit truetoyourheart.com [ fast-paced drumming ] it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. ♪. lauren: cracking down on foreign influence. the state department announcing new restrictions on five chinese media outlets calling them quote, foreign missions. fox news's lucas tomlinson has the story from the pentagon. lucas? reporter: the state department made the announcement a few minutes ago. in essence the trump administration is calling these chinese media outlets state sponsors of propaganda or agents of the chinese party. they are china global television network, china radio international, china daily distribution corporation, hiten development usa over the weekend mark esper reminded leaders at the munich security conference china is the biggest threat facing pentagon, not russia. >> chinese communist party is heading further in the wrong direction. more predatory economic practices, more heavy-handedness, and most concerning for me a more aggressive military posture. reporter: not just the trump administration sounding the alarm. in belgium, house speaker nancy pelosi warned europe about dangers of doing business with chinese telecom giant huawei. >> it is, peoples liberation army developed initiative using reversed engineering from western technology. so of course it is going to be cheaper to put on the market and if it is cheaper, they get the market share. then they bring in our autocracy of lack of privacy and other entities. reporter: the chinese media outlets must now provide the state department a list of all the personnel and real estate holdings just like any diplomat abroad. lauren: lucas, thank you very much. connell: the president is talking about saying the u.s. is open for business. we'll have details why he is pushing back on proposals that would block certain sales to china. that's coming up. plus tired of getting those robocalls? just about everybody is. there is a new app that if i ifs power to automatically sue the callers. too good to be true? we'll talk about it. ♪. i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. but when i started seeing i knew aboutthings,emors. i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid. every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. lauren: "fox business alert." nike announcing changes the c-suite. chief operating officer will be retiring this year and will be replaced by executive vice president and chief financial officer andy campion he will be replaced by matthew friend as the new cfo. >> i will say we're not going to be sacrificing our companies for all of the growth and everything else that they're ready, they're exploding they're doing so well by using a fake term of national security. i want our companies to be allowed to do business. connell: he says there will be no excuses. that is the president earlier today reiterating he wants to make it easy to do business with the united states. this started on twitter. then he was asked about it as he blasted proposals that could restrict companies ability to sell jet engines and other parts to china. james freeman from the "wall street journal." fox news contributor. seems he was responding in part to a story in the journal's news section couple days ago, could be more to it but what's your reaction with the president going in this direction today? >> very welcome news. the idea that china can create a competitor to jet engines to boeing is not a national security threat. it is good news for ge to tell to china, around the world but also another sign that as we hoped trade tensions are easing. connell: right. >> the big kind of overhang in the markets, we see very happy workers, well-can compensated happy consumers but ceos have been nervous about the trade fights. they haven't been investing at great levels. we look at the corporate capital expenditure kind of weak lately. so this is a nice signal to say to companies the president wants them to export and do business around the world. connell: i think there is something wider to it than one "wall street journal" story. the president knows what people say about him, especially the business community. the knock has been he is a protectionist. that he wants to really hit china so hard that american companies can't make money there he essentially said, wait a second, no, no, that is not the case. in certain situations yes, we'll be quote tough on china but seemed like he was trying to send a broader message today? >> i think he has made a good case that intellectual property is a problem there, that it has to be addressed. people can debate whether his tariff tools ultimately will be the right way to address it. whether we'll really see behavior change in china but this is a different case. this is really about whether we're going to export and allow competitive markets. as you suggested it does go beyond jet engines. there is currently a debate now not just about semiconductors but the machines that make semiconductors, that make computer chips and how aggressive or how much we should allow companies in u.s. to tell to china. i think this would be, i hope a sign unless it is some very clear, specific, limited national security issue that he is going to be in favor of exports. connell: so do you envision the line then that is eventually drawn in this regard, strictly case-by-case, looking at a company, huawei the most high-profile or industry by industry or certain others by nature of what they do, where are we headed? >> you want as much of a broad and open policy as possible. i think as a principle that can go across these industries, if we're talking about commercial products, if we're talking about engines that go into commercial airliners, not specialized military top secret use, if we're talking about technology that is widely available in terms of semiconductors, let's let people trade. let's let american companies sell across borders. connell: as you said, when you started, probably a welcome comment from many people in the business community today. thanks, james. lauren: getting a royal revamp if you will. cinderella's castle will undergo a makeover in honor of the movie's 70th anniversary. specific changes have not been revealed. officials revealed mock-up of the new design. it continues through the next few weeks and continues through the summer. construction officials say it will not impact any of the events. it is brighter. it is brighter, the picture on the right. you've been there many times. you have many pictures in front of that iconic castle. connell: for better or worse. just was at disney not that long ago. lauren: really? connell: that's another story. lauren: for another time. your kids are older? connell: they are. i don't have time for all this, lauren. melissa never does this kind of -- lauren: she comes back tomorrow. connell: president trump has long touted so-called blue-collar boom which we talk a lot about here. the thing about this, is everybody feeling it? are all workers feeling the boom. we'll break it down and implications politically for the race at the white house. that is coming up next. lauren: a galaxy not so far away. spacex is preparing to launch a private flight for four citizens. details coming up. connell: can send you there on the way to disney. it is a bird, plane, mini horse on a plane. lauren: we can put you next to it. connell: this is really weird story. this woman out of michigan take as miniature horse who happens to be named fred, on a series of cross-country flights. fred was sitting in first class to help others. you believe this? here's the bad news. i don't know if fred knows this. his flying days may be numbered, they recently announced plans of the department of regulation to have stricter regulations on service animals. you're out of luck, fred. lauren: poor fred. connell: we'll be back. lauren: wow. connell: that's it. ards. it's just not right. but with sofi, you can get your credit cards right by consolidating your credit card debt into one monthly payment. including your interest rate right by locking in a fixed low rate today. and you can get your money right with sofi. check your rate in two minutes or less. get a no-fee personal loan up to $100k. saving for ava's college. financial security. being able to retire. on our terms. no matter what your goals are, our trusted advisors can help you reach them. ameriprise financial. be stronger... with nicorette coated ice mint. layered with flavor. it's the first and only coated nicotine lozenge. for an amazing taste... ...that outlasts your craving. nicorette ice mint. for an amazing taste... ...that outlasts your craving. 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>> leave it the way it is going. reporter: iron worker harry benton on the other hand is not seeing that same economic spark. >> i actually had some of the worst years i ever had during this administration. reporter: why is that? >> just inconsistency with jobs. lack of jobs. reporter: the blue-collar union member plans to vote blue in november. the choice isn't so clear for others, despite the growing economy. but they're exactly the kind of voter president trump needs to win over in industrial states. >> if things are good come november, would you rather keep things the status quo than change things up? >> oh, if things are stable, i'm fine with it. reporter: more than 20 million americans work in construction and manufacturing. on the line from blue-collar workers come november. in many cases, lauren, in crucial states. lauren: grady, your shot is fading just like those workers. they're no longer there. thank you very much. connell: very good report. facing a challenge that may be immune to his fortune. we bring in byron york talking about the former mayor of new york city, mike bloomberg, getting set to fend off the attraction from rivals after he qualified, byron, for his first debate tomorrow. it will be interesting to see. everyone wonders how it will go since we got the poll officially at 5:00 this morning. bloomberg is in. how do you look at this, will this end up being a positive for his presidential campaign or something he would have rather avoided for a little while? >> it is kind of odd to have bloomberg on stage for a debate in nevada when he is not on the ballot in nevada. connell: right. >> nor on the ballot in south carolina but there it is. i think a number of his competitors are happy about this, because they think bloomberg has gotten enormous amount of public attention, media attention without having to put up with sort of contacts with people and questions from the press that they do every day. so i think they're glad to see him there the real question will be, how well he can do. you have to remember, he has not debated in more than a decade. and here's what happens. i have seen it with many candidates on the campaign trail. candidates get better as they campaign. a lot of them are not good at it when they start out but nobody much is paying attention. then they get better. by the time the race is a big deal and there is a lot of press attention they're better at it. connell: yep. >> if you start in the middle like bloomberg is doing now, you have no room for error, you have no time to improve. so bloomberg will be at the very top tomorrow night and we'll see how he does. connell: it is a really good point, years ago, if people don't remember it, in new york city, that happened to mike boom berg. when he started running for mayor he did what he is doing now, tons of commercials all over the place. most people tell you, he wasn't great at retail politics. never really was great at retail politics but he got better at handling situations didn't get as irritated on stage. how does he handle it when they come after him and they will? the president tweeted out said he is trying to buy the election. the president implied, this is tweet from president trump. mini mike is doing a large-scale illegal campaign contribution. i don't know about that, whether there is anything illegal, there is no evidence to suggest anything he is doing is illegal but his fellow democrats will say you're trying to buy this election? you know has to respond to it without looking irritated, right? >> president has a rare moment of agreement with the rest of the democratic field accusing bloomberg of trying to buy the election. you know, how well he will do when faced with attacks we'll have to see. he has -- if you watch how he has been on the stump so far, he has been campaigning in super tuesday states, he is not a very compelling presence on the stump as you were just mentioning. he is still not very good at it. now does that really matter? i don't know. doing well in the debate really matters. a let of times even very, very celebrated campaigns don't really survive contact with the voters. i think you can certainly say that about joe biden's campaign prior to new hampshire and iowa. connell: right. >> so this is, this bloomberg thing, it is an extraordinary new poll today from npr and marist, showed him in second place. it was huge news for bernie sanders, maybe his best poll ever, 31% nationally. that is a big news. connell: byron, sanders if you handicap this race he is pretty clear favorite at least. a lot could happen, to be the nominee. make this the final point you talk about biden, the conventional wisdom after new hampshire, biden would be out by super tuesday. he might not be now. klobuchar is raising money. boot boot is still there and warren. if they split everything up that is the road to the nomination for bernie, right? >> it could be. i think you have to remember bernie sanders is the guy who got the most votes in iowa and the guy who got the most votes in new hampshire. and there are a lot of democrats who are trying to act if somehow he is not a front-runner, if not the front runner in race but he is. we're totally in the dark in nevada. we have two polls this month but it is very difficult to poll. we have one poll in "real clear politics" polls in south carolina this month. you have important contests coming up and we don't know really where things stand. nevada polls, research, polling we have suggest bernie is doing very well. you could have the guy with the most votes in iowa, new hampshire and nevada, you will tell us he is not the front-runner? connell: people are trying to say that. it doesn't seem to jive with the data as limited as might be. always good to have you on. byron york with us today. >> thank you. lauren: revenge on behalf of millions of americans an including us how an online app could get revenge against robocallers. president trump warned the drug companies. it's unacceptable that americans pay vastly more than people in other countries, for the exact same drugs. but they aren't listening. they've just raised the prices of over five hundred drugs. president trump supports a bipartisan plan, that would force drug companies to lower prices. but the senate won't act. tell senate leaders to stop drug company price gouging and lower drug prices now. tto examine investmentgo opportunities firsthand, like innovations in agricultural research. because your investments deserve the full story. t. rowe price invest with confidence. i learned about myuse grandfather's life. on ancestry and it was a remarkable twentieth-century transformation. he did a lot of living before i knew him. bring your family history to life like never before. get started for free at ancestry.com the end might not be as happy as ayou think.end. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. connell: "fox business alert" on groupon. this stock is boy, really plummeting in after-hours trading down 23%. they briefly halted the trade before the company then released its quarterly results and revenue fell 23% in the quarter from the same time last year groupon also intends to leave the goods category to focus on local experiences market as they call it. it is planning a reverse stock split, boosting share prices, naming melissa thomas the new cfo the stock down 24%. wow. lauren: americans are getting fed up because they're being hit up on the phone. last year americans received 58 1/2 billion robocalls that was a 22% jump from the year before. now some carriers offer ways that you can block spam calls but there is one company that has taken that a whole step further, offering customers revenge helping you to sue the unwanted caller up to $3,000 per annoying robocall. here is the man behind the app, joshua browder. the app is called, do not pay. he is the ceo. thanks for coming on this morning or this afternoon. >> thank you. lauren: tell me how your app works because there's a law called the trace act, went into effect, supposed to stop the robocallers. we got the numbers for january and they're really bad, so nothing is working. how does your app work? >> what it does, registers you for something called the do-not-call list. whenever one of these people call it is illegal. you can call them and app will generate all the paperwork and file the paperwork to get up to $3,000 cash compensation per call. lauren: that is interesting. senior judicial analysted, under the law only lawyers can assist filing lawsuits. if this app helps you identify the rebow call it is fine. do you have lawyers on your staff. >> we do have lawyers help us create these documents. and also one of the biggest problems is actually finding out who the robocallers are. lauren: how do you that? >> your app will give you a virtual credit card. you can give it to the robocaller, when they scam you, you are getting all details through the payment network. lauren: like a burner credit card. >> do not pay will give you a burner credit card issued in our name. you can get details to start the process. lauren: how successful have you been? >> we have had 10,000 cases and actually fee settlements. one is interesting things the robocallers want to settle they don't want this becoming public record in a courtroom. lauren: who is the most common type of robocaller? where are they from? >> the most common type is telemarketer selling awe cruise or insurance policy. that is the people we're trying to target. we can only take out u.s. businesses not spammers abroad. lauren: joshua, are they trying to sell you a cruise, whatever it is or trying to get information from you or both? >> i was on my way to the studio, i got a call from a cruise company. that is why i say that. lauren: joshua, thank you very much. >> thank you. connell: interesting. lauren: i get a lot of robocalls. connell: right before the segment lauren gets a robocall. no joke. now to some wine. to increased california vineyards and millenials preference of hard seltzers, ready to drink cocktails, the price of wine is expected to plummet to a five-year low. there is a new report. with could this mean to the future of the wine industry. we could think of no one better to ask than david asman. >> who better to ask than the local drunk, is that what you're trying to say. lauren: that is what i was saying. connell: wine prices are dropping, bad for the economy but here we have -- >> excess of california wine. a lot of people stocked up because they thought there would be tariffs against french and italian wines. the tariffs didn't come. they're overstocked now. this could last for three years. it is great news for me. i don't know about you, i love beer and i love wine. connell: let kids have the hard seltzer. asman is happy with his wine and his beer. what is on the big show? >> i saw you mentioned judge andrew napolitano. i also know the president is going out to california and air force one they have television, turn to fox business you will be very interested, mr. president, what judge andrew napolitano has to say about the pardons. that is coming up in about ten minutes. connell: now that's a tease. there you go. see you at the top of the hour. lauren: thanks for the lessons today, gentlemen. we have out of this world experience. spacex is offering a trip around the earth for a few lucky, private, perhaps rich citizens. plus swiping left on apps in general. how the dating scene is well, going back to the basics. maybe you don't have to play it. connell: what? lauren: you don't even know what i'm talking about. connell: no. ♪. stewasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials. yeah. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. >>so it's like my streaming service. well exactly. well except now, you're binge learning. >>oh, i like that. thank you, i just came up with that. >>you're funny. learn fast with the td ameritrade education center. call 866-285-1934 or visit tdameritrade.com/learn. get started today, and for a limited time, get up to $800 when you open and fund an account. that's 866-285-1934, or tdameritrade.com/learn. ♪ managing lipids like very high tryou diet. exercise. tough. but if you're also taking fish oil supplements... you should know... they are not fda approved... they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear, there's only one prescription epa vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish or shellfish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. prescription power. proven to work. now with a new indication. ask your doctor about vascepa. (howling wind) (howling wind) >> how about a fizzing trip around the globe at a spaceship. privately taking passengers mother earth. he managed to take off as early as late next year. associate editor jeff. would you do it and what would you seen how much would you pay. >> techno print is the golden age of streaming we are living in. i can't be away from netflix and amazon prime and all of those things. i will stand like my couch. i'll watch it from there. >> can you see all of you netflix probably faster. >> there was talk of people paying as much as $50 million to do this. i think what they're doing is they're looking at this virgin thing this is that thousand times in cells right now. let's look at the future revenue and maybe there will be an opportunity to sell the same. maybe this thing will know full tesla. it. liz: i have a feeling he'll do it for about maybe $200,000. >> jeff: i think you can pick up high stratosphere. idly goes to foreign space. we'll see. liz: they're also looking to set up in big cities and companies like amazon are looking to do that they might be out of luck because after the debacle of amazon second headquarters, committee state local governments are looking at their strategy of tax incentives. most of the deals rarely work out in the end. so how does the city or state court big business. >> not this way. not by competing for this tax rate. think about your local city or state government and ask yourself, what part of the government isn't smarter than amazon. do not what the government getting into a negotiation with amazon. the study showing that filers are paying an average of over hundred thousand dollars per worker. and the workers just aren't making that much. they should band together and decide not to do it. liz: wonder if any of these municipalities go after the companies. but we gave you this because you promised that and that we didn't get it some payout. >> they should outlaw this at the federal level. you should wait for companies have defined for each other. bribe local workers. it should work the other way around. liz: alright the unlikely return of real-life organic dating. people are getting tired of the dating apps. single events are making a comeback. speed dating are being reinventing. >> is not dating osby folks. these are fast interviews of people. i met my wife, we got married more than ten years ago i met my wife back when people said it is a bad idea today people at work but everybody did it anyhow. i don't know how the heck, you may people these days apart from the online dating. i season where people playing where forms of scrabble. liz: i think you're onto something. maybe we are just a little bit over our phones and we actually want a real connection with somebody. >> human connection. forget it. [laughter]. liz: maybe you'll find your second one out there. >> oh boy. that's not bigamy. liz: can we bring connellan here. >> i actually try to avoid this conversation. do you believe this. there should be some kind of a comeback. a second wife. >> turned to extraterrestrial to find love. >> i am actually, who better than to ask. i could be the worst person to ask. i've never used one of these things in my life. i would have no idea what to do but maybe the whole idea, and i do have a friend that this whole dating thing, the speed anything for real, people like it. giving people for a few minutes and then move on. >> you don't actually slide the people left right in person. just a member that. liz: the problem is the people are so used to getting on the phone so that when you are actually somewhere where you could meet somebody like at the grocery store on the train, you're looking at your app instead of around. >> every girl in the bar at the same night, just gives you the ability to do that in a more efficient way it and outspend all of that money on drinks. liz: come back again for another show. >> always brings the energy. it thank you to be up early in the morning we will be watching you in 12 hours. thank you. you may be left. who better than death right now. tonight on balls and bears, apple weighing in on the dow. the tech giant falls after issuing a warning this revenue is due to the coronavirus summary. more on why investors should not panic. good news coming up. but first, former new york city mayor michael bloomberg, just qualified for his first presidential debate in las vegas tomorrow night. after new national poll reveals a major shakeup in the 2020 race. this is the billing there 2020 level playing out a new plan. taking aim at investors. good evening everybody thank you for joining us. joining us

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